# Nippon Steel vs Daido Steel

> Unit: JPY millions (ratios in %)
> Periods: Nippon Steel = FY ending Mar 2026, consolidated, IFRS / Daido Steel = FY ending Mar 2026, consolidated, IFRS
> Retrieved: 2026-09-30T20:37:09.208Z

| Metric | Nippon Steel | Daido Steel |
| --- | ---: | ---: |
| Revenue | 10,063,216 | 578,129 |
| Operating income | 242,903 | 42,081 |
| Net income | 17,158 | 32,605 |
| COGS ratio | 85.6% | 82.5% |
| Operating margin | 2.4% | 7.3% |
| Net margin | 0.2% | 5.6% |
| FCF margin | -1.5% | — |
| Period | FY ending Mar 2026 | FY ending Mar 2026 |
| Source | S100YF8E | S100YNEC |

## Five-axis industry profile

Each axis shows a rank within that company's primary industry, so peer groups may differ. Missing values are labeled unavailable; no combined score is calculated. Industry rank is not an investment recommendation.

| Axis | Nippon Steel | Daido Steel |
| --- | ---: | ---: |
| Revenue growth | 95.5 (33 peers) | — |
| Profitability | 27.1 (35 peers) | 84.3 (35 peers) |
| Cash conversion | 79 (31 peers) | 46.8 (31 peers) |
| Efficiency | 61.4 (35 peers) | 38.6 (35 peers) |
| Financial strength | — | — |

## Company details

- https://vizora.meequs.com/en/company/nippon-steel/md
- https://vizora.meequs.com/en/company/daido-steel/md

## Definitions

- Amounts are in millions of JPY (rounded). The period is stated in each table heading
- Operating margin = operating income ÷ revenue. Net income is attributable to owners of the parent when disclosed
- Free cash flow (FCF) = operating cash flow − capital expenditure
- ¥100 model = breakdown per ¥100 of revenue (rounded so parts sum to 100)
- Segment revenues include inter-segment sales and may not sum to consolidated revenue
- Source IDs are EDINET document IDs (docID). "算出" (derived) means computed from other disclosed values
- All figures are extracted mechanically from filings. AI-written text never generates figures
- Source: company filings submitted to EDINET (Financial Services Agency of Japan). Figures were extracted, edited and processed, and charts and text were created, by Vizora — not by the FSA (used under the Public Data License v1.0).